Tongyuan Petroleum (300164.SZ) won a bid for about 1.021 billion yuan for the oil and gas service project of the Algerian National Oil Company.

Wisdom Finance APP News, Tongyuan Petroleum (300164.SZ) announced that recently, the company successfully won the bid for the 3rd and 7th sections of the oil and gas service project 01/SH/PROD/OPR/2025 of the Algerian National Oil Company (Sonatrach). The contract period is 4 years, including two parts in US dollars and Algerian dinars, respectively 124 million US dollars and 35.01 billion Algerian dinars (totaling approximately 150 million US dollars or 1.021 billion RMB).